Solar Market Insight Report 2014 Q1

The quarterly SEIA/GTM Research U.S. Solar Market Insight™ report shows the major trends in the U.S. solar industry. Learn more about the U.S. Solar Market Insight Report.

Key Figures

  • The U.S. installed 1,330 MWdc of solar PV in Q1 2014, up 79% over Q1 2013, making it the second-largest quarter for solar installations in the history of the market.
  • Cumulative operating PV capacity stood at 13,395 MWdc, with 482,000 individual systems on-line as of the end of Q1 2014.
  • Growth was driven primarily by the utility solar market, which installed 873 MWdc in Q1 2014, up from 322 MWdc in Q1 2013.
  • Q1 2014 was the first time residential PV installations exceeded non-residential (commercial) installations nationally since 2002.
  • For the first time ever, more than 1/3 of residential PV installations came on-line without any state incentive in Q1 2014.
  • Q1 2014 saw school, government, and nonprofit PV installations add more than 100 MWdc for the second straight quarter.
  • 74% of new electric generating capacity in the U.S. in Q1 2014 came from solar.
  • We forecast that PV installations will reach 6.6 GWdc in 2014, up 39% over 2013 and nearly double the market size in 2012.
  • Q1 2014 was the largest quarter ever for concentrating solar power due to the completion of the 392 MWac Ivanpah project and Genesis Solar project’s second 125 MWac phase. With a total of 857 MWac expected to be completed by year’s end, 2014 will likely be the largest year for CSP in history.  
  • Cumulative operating CSP capacity was 1,435 MWac as of the end of Q1 2014.

See more at link: http://www.seia.org/research-resources/solar-market-insight-report-2014-q1

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PAUSE, People of Albany United for Safe Energy
PAUSE is a grassroots group of individuals who have come together to promote safe, sustainable energy and fight for environmental justice. We engage the greater public to stop the fossil fuel industry’s assault on the people of Albany and our environment.